This article is adopted pursuant to the provisions of Public Act No.
82-318 of the General Assembly of the State of Connecticut.
The dwelling house and the lot whereupon the same is erected, belonging
to or held in trust for any citizen and resident of the Town of Old Lyme,
occupied as his or her domicile, shall be fully exempt from property taxes
levied by the Town of Old Lyme if he or she is a veteran who served in the
Army, Navy, Marine Corps, Coast Guard or Air Force of the United States and
has received financial assistance for specially adapted housing under the
provisions of Section 801 of Title 38 of the United States Code and has applied
such assistance toward the acquisition of such dwelling house. The same exemption
shall also apply with respect to housing units owned by the unremarried surviving
spouse of such veteran or by such veteran and spouse while occupying such
premises as a residence.
This article is effective 15 days after publication and shall be applicable
with respect to the assessment year commencing October 1, 1982, and each assessment
year thereafter.